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out the country by essentially raiding people's bank accounts. law mickers are set to vote on the plan tomorrow. if passed the government would seize up to 10% of some people's hard-earned savings in order to pay off the mistakes. the plan causing outrage. word of atms running out of cash. people trying to take money out of the bank. now fear of a bank run has the government shutting down all bank until at least thursday or friday. now concerns that other struggling countries could try the same thing and that sent chills through the markets around the world. right now the dow has recovered from the session lows. it was briefly up, and ever so briefly. but now we're down just a little bit. jerry willis is here. this cyprus situation is more than just raiding people's bank accounts. this has to do with people who, it's believed, may have been laundering money through the banks. >> that's right. but it would affect everybody, whether you laundered money or not you might wake up and the government would have its fat hand in your bank account, which i can't imagine anybody thinks positively
, a police force that is able to maintain law and order, banks, financial systems, et cetera. >> reporter: ford's boss, secretary of state john kerry met with the russian foreign minister to press the kremlin to cease delivery of weapons systems but the ongoing conversation has not led moscow to change. the option of the u.s. arming syrian rebels remains under discussion. one other interesting note, influential republican congresswoman, layton, of florida says we can't guarantee the weapons wouldn't fall into the hand of extremists. >> on wall street, our 401(k)'s are having a nice time. we're up 57 on the session thus far. above 14,500. traders reacting to the word the federal reserve will take more steps to boost the economy through the program of buying up $85 billion in treasury and mortgage bonds. but the trouble in cyprus could threaten markets. officials are trying to find a new way to keep their own economy afloat after the parliament rejected a bailout that would have taxed its own citizens' bank accounts. the banks are closed the rest of the week. >>> where are we with this situ
their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. her long day of pick ups and drop offs begins with arthritis pain... and a choice. take up to 6 tylenol in a day or just 2 aleve for all day relief. all aboard. ♪ [ male announcer ] this is a reason to look twice. the stunning lexus es. get great values on your favorite lexus models during the command performance sales event. this is theursuit of perfection. starts with freshly-made pasta, and 100% real cheddar cheese. but what makes stouffer's mac n' cheese best of all. that moment you enjoy it at home. stouffer's. made with care for you or your family. >> shepard: as the syrian government and rebels trade accusations on chemical weapons, the democratic senator, bob casey, and republican marco rubio unveiled legislation that would give the rebels body armor and communications gear, but it would not immediately arm the opposition with any lethal weapons. at least not as far as we know. the united states has been weighing whether to get more engaged in sera as the self
access to because they don't care about the laws passed. and we're going to give the american citizen a peashooter to defend themselves with. >> it exempts 2,271 weapons. isn't that enough for the people in the united states? >> mr. children -- >> do they need a bazooka? do they need other high-powered weapons that military people used to kill in close combat? i don't think so. >> passed by the judiciary committee was a forgone conclusion. what happens next is a big question. >> well, it faces an uphill battle. just how uphill is it? >> yeah. this bill guess to the senate floor probably next month, where it will face very stiff opposition from republicans. but at one of four measures passed the committee and spearheaded by the white house in the wake of the newtown shooting. 20 children killed, six adults when a gunman opened fire with an assault weapon. only a bill to beef up school surety and the background checks are likely to survive. >> steve, live in washington. thank you. >>> thousands of conservatives are meeting near d.c. for one of the biggest events of the mitt cal right, t
Search Results 0 to 4 of about 5 (some duplicates have been removed)